Redwood City Opens Public Input on Downtown Library Parking Lot B, Where Study Sees Up to 104 Affordable Homes
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
Redwood City has opened a public comment window running through Oct. 20 on the future of a city-owned downtown parking lot that a feasibility study found could hold as many as 104 affordable homes, putting the trade-o…
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